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Government & Economic Development
Agency settles stadium water damage claim for $6.2M
June 29, 2010
Flooding from a drainpipe malfunction caused extensive damage to Lucas Oil Stadium's data center prior
to its opening in August 2008.
More$69M U.S. Courthouse modernization a boon for local firms
June 29, 2010
Cory SchoutenMore than a dozen local companies have begun work on a three-year modernization of the Birch Bayh Federal Building and U.S.
Courthouse in the state's largest individual project funded by the federal stimulus.
MoreGroup tries to turn Sunday booze ban into July 4 fireworks
June 28, 2010
J.K. WallAn alliance of drugstores, groceries and gas stations is using the July Fourth holiday—which falls this year on Sunday—to
drum up more support for ending Indiana’s ban on Sunday retail sales of alcohol.
MoreCity eyes Central State site for sports complex
June 26, 2010
Anthony SchoettleIndianapolis officials are exploring turning the former Central State Hospital into a 150-acre sports complex that could include
facilities for everything from soccer and baseball to tennis and ice skating.
MoreCity still working on mayor's mandate to do more biz with veterans
June 26, 2010
Peter SchnitzlerMayor Greg Ballard,a former Marine, has made some progress in the two years since he pledged his administration would purchase
3 percent of all city goods and services from veteran-owned businesses, but he remains far from his goal.
MoreMoody's upgrades outlook for U.S. gambling industry
June 26, 2010
IBJ StaffIt may take some time to trickle down to Indiana, but the American gambling industry is starting to show early signs of recovery.
MoreEx-Commerce chief: Lift the veil on state incentive deals
June 25, 2010
Peter SchnitzlerThe former executive director of IEDC's predecessor agency argues that regular headcount disclosure is a key part of the economic
development
process once incentive deals have been struck with companies.
MoreDemocratic secretary of state hopefuls critical of voter ID law
June 23, 2010
IBJ Staff and Associated PressBoth Democrats seeking their party's nomination for Indiana secretary of state are critics of the state's voter identification
law, which they would have a role in enforcing as the top state election official.
MoreRecession temporarily slows suburban migration
June 23, 2010
Peter SchnitzlerUsing U.S. Census data, the Indiana Business Research Center finds Indianapolis' population grew by 6,854 residents last year
while Fishers, Noblesville, Carmel and Greenwood saw less-than-average gains.
MorePlan to run fiber optic lines along greenways has legal hurdles
June 23, 2010
IBJ StaffThe city of Indianapolis wants to generate revenue by using greenways as fiber optic corridors. But previous legal battles
over leasing rights-of-way to utilities could hang up the plan.
MoreIEDC responds to House speaker's public records request
June 22, 2010
Peter SchnitzlerIndiana Secretary of Commerce Mitch Roob's letter Tuesday to Democrat Pat Bauer details IEDC's approach to job-creation incentives
and its clawback efforts in the recession.
MoreCity takes risk with debt-laden IT-overhaul pick
June 19, 2010
Peter SchnitzlerTo spearhead a once-in-a-generation overhaul of local government's antiquated back-office computer system, Mayor Greg Ballard
has chosen an unprofitable software firm that as recently as March 31 warned investors that debt-refinancing issues could
force it out of business.
MoreSlow economy bruises profits of Indiana's largest public companies
June 19, 2010
Marc D. AllanOne-time events influenced bottom lines of some of the few companies that made more money in 2009.
MoreHome Loan Bank CEO dashes talk of impending merger
June 19, 2010
Greg AndrewsThe recent chatter followed the bank board’s decision to award CEO Milton J. Miller II a severance agreement entitling
him to extra pay in the event of a merger.
MoreCIB, Pacers discussing three-year deal
June 17, 2010
Anthony SchoettleCity officials want to wait until economy, National Basketball Association labor situation stabilize before entering longer-term
deal. Optimism remains deal can get done by June 30.
MoreAIT Labs moving headquarters, adding 160 jobs
June 17, 2010
Scott OlsonThe Indianapolis-based forensics, clinical and pharmaceutical testing firm, led by CEO Michael Evans, plans to invest $74
million to acquire and equip
an existing 90,000-square-foot building in Woodland Corporate Park near West 79th Street and Interstate 465.
MoreBatesville Tool & Die expansion should create 40 jobs
June 17, 2010
Southeastern Indiana company plans to add 25,000 square feet to plant and begin hiring additional employees by the end of
next year.
MoreUPDATE: Commission approves City Market funding
June 16, 2010
Scott OlsonThe Metropolitan Development Commission voted Wednesday afternoon to release nearly $4 million to
improve
the historic building in downtown Indianapolis.
MoreCarmel-based power provider receives $5M federal grant
June 16, 2010
The Indiana Municipal Power Agency will use funds through the American Recovery and Reinvestment Act to retrofit streetlights
in 20 communities that it serves.
MoreDemocrat Williams drops out of race for mayor
June 15, 2010
Brian Williams said Tuesday that he is dropping his bid to challenge Mayor Greg Ballard in 2011, paving the way for front
runner
Melina Kennedy to represent the Democrats.
MoreYoung workers help Indiana parks during cutbacks
June 14, 2010
Associated PressIndiana Department of Natural Resources spokesman Phil Bloom said the 1,665 young workers hired by the DNR will help seasonal
workers with important maintenance work at many of the state's 24 state parks and dozens of other properties.
MoreHouse Speaker pushes IEDC over job-creation numbers
June 14, 2010
Peter SchnitzlerPat Bauer sent Indiana Secretary of Commerce Mitch Roob a letter formally requesting the Indiana Economic Development Corp.
disclose public records about promises companies gave the state in exchange for job-creation incentives.
MoreIndiana bringing information revolution to public schools
June 12, 2010
J.K. WallThe state is building a massive data system with a tough-love intent of rewarding good educators and schools and hammering
poor performers.
MoreDeadline approaching for mortgage lenders to pass exam
June 11, 2010
Lenders must pass the test by July 1, or their licenses will be revoked. So far, just 58 percent of more than 1,000 in the
state
have passed.
MoreRolls-Royce opens plant making part for Joint Strike Fighter
June 11, 2010
Kathleen McLaughlinThe new "focused factory" in Plainfield will produce lift fans for the Joint Strike Fighter aircraft. The fan allows
one version of the aircraft to make helicopter-like landings.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.